Saturday, June 25, 2011

Flipboard Rides Wave of User Growth - Digits - WSJ

Advertising and Android in Flipboard’s future

Mike McCue, chief executive of popular iPad magazine application Flipboard, says the company is on track to reach 10 million users early next year and could start booking positive cash flow later next year as the startup’s business model begins to take shape.

That will be a big jump. Flipboard currently has around 2.5 million users, up from around 1.1 million users in January, and its app only works on the iPad for now. The company also isn’t generating any revenue yet.